What Information Is Needed From Potential Tenants?

You should always get certain types of information, like credit histories, from potential tenants. Find out what information is needed from potential tenants with help from a real estate professional in this free video clip.

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Hi, I'm Sarah Saltzberg. I'm a licensed real estate broker and I am co-owner of Bohemia Realty Group. What information is needed from potential tenants? This is a huge question that we get asked all the time and it can be intimidating. Brokers and sales agents are here to help you figure out and aggregate all of that information into a great package that makes the potential applicant look as great as possible. Typically what we need is any two of the following: last year's tax returns, W2s, a letter of employment stating the date, the length of the employment and of course the salary, the last three recent pay stubs and then of course there are many other things that we can take into account as well. For example if somebody doesn't have a job but then have two million dollars in a trust fund or they have you know, several thousand dollars in a liquid account somewhere, that could certainly be very helpful and make that applicant look very strong to a landlord. The other thing that is very very important that a lot of people don't take into account is their credit score. You remember when you were going to school and your teacher would say well this is going on your permanent record, your credit score is your permanent record so if you are not sure what your credit score is, it's always good to check before you start looking for an apartment. And if there are any issues that you are unaware of to clear those up right away.